Arbitration Costs

Autore: Susan D. Franck  Casa Editrice: Oxford University Press  Anno Edizione: 2019 Edizione: NA ISBN: 9780190054434 Pagine: NA Costo: 101,25 Euro (*) Materia: Arbitrato conciliazioni e mediazione Diritto bancario e finanziario Diritto civile e processuale civile Diritto societario e fallimentare Lingua: Inglese

Investment treaty arbitration (sometimes called investor-state dispute settlement or ISDS) has become a flashpoint in the backlash against globalization, with costs becoming an area of core scrutiny. Yet "conventional wisdom" about costs is not necessarily wise. To separate fact from fiction, this book tests claims about investment arbitration and fiscal costs against data so that policy reforms can be informed by scientific evidence. The exercise is critical, as investment treaties grant international arbitrators the power to order states-both rich and poor-to pay potentially millions of dollars to foreign investors when states violate the international law commitments made in the treaties. Meanwhile, the cost to access and defend the arbitration can also climb to millions of dollars.